The world continues dumping US dollar (Gold, New World Order, World War III)

[pooya87]

Speaking of US dollar and whether it is reliable (liquid, savable, spendable, etc.) you should also consider that US economy is in a terrible situation itself and things are getting worse every day. It may not show up in form of hyper inflation like elsewhere but it is showing up.
The gigantic $31.5 trillion national debt apart, the US trade deficit is growing at an alarming rate. It is estimated to be almost $1 trillion and growing as US dependence on imports increases as the domestic economy slowly falls apart.

For example US depends on $500 billion imports from China alone (with a deficit of $350 billion in 2021 and $383 billion in 2022) which they keep covering by printing dollar that is losing value rapidly even though the price doesn't show it.
So by all standards we should say CNY is more reliable than dollar at this point!!!

https://www.nytimes.com/2023/02/07/business/economy/us-trade-deficit.html

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[BigBos]

Speaking of US dollar and whether it is reliable (liquid, savable, spendable, etc.) you should also consider that US economy is in a terrible situation itself and things are getting worse every day. It may not show up in form of hyper inflation like elsewhere but it is showing up.
The gigantic $31.5 trillion national debt apart, the US trade deficit is growing at an alarming rate. It is estimated to be almost $1 trillion and growing as US dependence on imports increases as the domestic economy slowly falls apart.

For example US depends on $500 billion imports from China alone (with a deficit of $350 billion in 2021 and $383 billion in 2022) which they keep covering by printing dollar that is losing value rapidly even though the price doesn't show it.
So by all standards we should say CNY is more reliable than dollar at this point!!!

https://www.nytimes.com/2023/02/07/business/economy/us-trade-deficit.html

Yes, even though we see that the United States' economy has experienced a very significant decline due to several problems that today are very worrying to review.
For the CNY itself, in my opinion, it is not enough to replace the US dollar, yes, even though economically China itself can easily recover from its downturn due to Covid 19 which has made the Chinese economy worse, but as we can see there are still many who use US dollars.

Speaking of other things, sorry if I don't get into what is being discussed, but here I feel strange about the dollar, as we know that the dollar in terms of the exchange rate for goods decreases but the exchange rate against other countries currencies actually increases, as in my country, which used to have a dollar exchange rate of $ 1 = 14,000 is now 1 $ = 15,500 but economically my country is growing well until today.

[pooya87]

Speaking of other things, sorry if I don't get into what is being discussed, but here I feel strange about the dollar, as we know that the dollar in terms of the exchange rate for goods decreases but the exchange rate against other countries currencies actually increases, as in my country, which used to have a dollar exchange rate of $ 1 = 14,000 is now 1 $ = 15,500 but economically my country is growing well until today.

Well, all our governments are printing money so all fiat currencies are tanking without exceptions but with different speeds depending on how much they are printing and a couple of other factors like the strength of the economy of the country.
United States is a special case because it is the only country that exports its inflation at a large scale so when they print money we feel the inflation in our countries too. That's of course as long as we continue using dollar as reserve/trade currency.

[DrBeer]

Reading some local "writers", the feeling that I get into childhood ))
The Soviet Union became dead already in the second half of the 80s, and its corpse, by inertia, was rolling towards complete collapse for several more years.
And since the mid-80s, I remember very well the rhetoric of Soviet propaganda, which tried to mentally change the reality in which this bastard state ended its existence. This is rhetoric, I read word for word here as well. Believe me - the methodological materials for the propaganda of the Kremlin propagandists have not changed over time
The main "arguments" of Soviet propaganda (for comparison, what today's supporters of the Kremlin dreamers "sing" about):
- West is weak
-The economy of the capitalist world is not stable and weak
- USA is the center of evil. USA bloodsuckers of the whole world. The USA is a weak country ruled by Zionists and Masons.
- The population of Western countries are unfortunate people who have no prospects, rights and freedoms. They are hostages of the capitalists.
- Poverty, lack of medicine, education, convenience for life - this is all the Western way of life.
- The US dollar is an unsecured piece of paper. The US economy is rubbish
- Capitalism is a dead end branch of development.
- The victory of the socialist / communist countries is not far off. Then we will move on to communism and complete grace on earth.

You understand that I am writing nonsense, but this is a retelling, almost verbatim, of the fact that on all 3 television channels of the USSR (there were no more TV channels) the entire USSR was broadcast daily ...

You already know about the effectiveness of this propaganda!

[pooya87]

In recent news China and Brazil agree to use Yuan in cross-border transactions effectively replacing US dollar for the largest country in Latin America. Considering Brazil is in a couple of organizations including BRICS and an important regional player in Latin America this is a big first step in moving an additional of more than two dozen countries away from US dollar.

[Sithara007]

In recent news China and Brazil agree to use Yuan in cross-border transactions effectively replacing US dollar for the largest country in Latin America. Considering Brazil is in a couple of organizations including BRICS and an important regional player in Latin America this is a big first step in moving an additional of more than two dozen countries away from US dollar.

I was expecting this after the election of Luiz Inácio Lula da Silva as the President of Brazil. Jair Bolsonaro was much more pro-US, although he was under constant criticism from the Biden administration (for deforestation in the Amazon and disregarding human rights of indigenous people). Lula on the other hand is left-wing, and doesn't have any reason to maintain the close relationship with the Americans. But then, replacing the US Dollar with a heavily manipulated currency such as the Chinese Yuan will have limited impact in international trade.

[pooya87]

But then, replacing the US Dollar with a heavily manipulated currency such as the Chinese Yuan will have limited impact in international trade.

Well, there is no currency in the world more manipulated than US dollar so that is a non issue with Yuan. But as for the impact, I already gave a reason above regarding Brazil and Latin America and here is another one. Brazil's trade with China is not small at all. Their exports to China is only slightly smaller than US exports to China ($80-$100 billion vs. $150 billion). It is a significant enough amount of dollar being "dumped" and it will have an impact in the long run.

[DrBeer]

It's very funny to watch the two victims of the Kremlin's propaganda slander "great steps to abandon the dollar." True, as often happens, either without having studied the qualitative facts cited by them, or deliberately distorting the information.
If you dig a little deeper "cross-border payments between Brazil and China in Yuan", then an unexpectedly interesting fact will pop up there. Brazil sells its products to China for .. RMB. Everything is fine. But China sells its goods to Brazil for .. DOLLARS, and only accepts no more than 25% of the payment in .. its RMB But supporters of pro-Russian propaganda, as it were, "do not know" this most important nuance of "China's fight against the dollar."
I will once again give an example with one event so that everyone understands - China needs dollars! And he needs them because no one will sell technology either for yuan or for fake rubles.... And China will do everything to get dollars. But to all sorts of fools, he will sell his yuan, which China can print in unlimited quantities, for any settlements with its not the smartest "partners". And so, a historical fact that each of you can easily verify.
In 2022, Russia once again decided to "destroy the United States and destroy the dollar." This crazy idea has been tormenting economic and military impotent people since the times of the USSR. So, with pomp, to the whole world, through all the media, a statement was published that the Russian Federation was removing a significant part of the dollar from its gold reserves, and changing it to the yuan. And they say China is also abandoning the dollar. And the real Russian Federation received a huge amount of yuan from China. After that, Russia kept silent about the fight against the dollar. And to questions - how are things with the gold reserves, they somehow modestly lowered their eyes and did not answer questions. And the problem is this:
1. China really sold the Russian Federation a huge amount of yuan. BUT ! But he sold them not for rubles .. That's right, China is not an idiot. They sold Yuan for.. USD
2. After 3-4 months, due to the economic instability of the Chinese market, the yuan depreciated very much.

Let's sum up the results:
1. During this "very cunning operation against the dollar", Russia lost tens of billions of dollars. And continue to lose due to the inflation of the yuan.
2. China has improved its gold reserves at the expense of a huge amount of dollars, which ensure the stability of the economy, which are more stable and which are in demand all over the world.

[Argoo]

Gold buyers binge on biggest volumes for 55 years
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.

For many countries, the gold reserve has been and remains the main reserve asset in case of serious economic problems. Despite the existence of other instruments, such as bonds and stocks, states primarily prefer to form their reserves from gold.
According to open sources, the reserves of gold and foreign exchange reserves of the richest states are:

1. USA - 8133 tons or 78.7% of national reserves. The United States of America has been and remains the main holder of gold in the world.

2. Germany - 3359 tons or 75.5% of national reserves.

3. Italy - 2451 tons or 69.4% of national reserves.

4. France - 2436 tons or 65.4% of national reserves.

5. Russia - 2295 tons or 22.4% of national reserves.

6. China - 1948 tons or 3.4% of national reserves.

7. Switzerland - 1040 tons or 5.6% of national reserves.

At the same time, I do not think that many countries are now actively getting rid of the dollar. There are such attempts, but what they will lead to is still unknown.

[Smartprofit]

The questionable decisions of cabal behind the Federal Reserve is another debate for another topic. But the point is the demand for the U.S. Dollar among the economies that aren't sanctioned still have high demand of the U.S. Dollar. Why? Because of its spendabilty, saveability, and liquidity. The Chinese Yuan, the Russian Ruble, or any new fiat currency the sanctioned economies could issue in all three characteristics.

You are arguing about replacements and you are right. Other fiat currencies suffer from the same flaws as US dollar. But your arguments are confirming my claim that countries are not willingly using dollar!

Forced to use it or not, it's necessary to use it for international trade. Do you believe if Russia wasn't sanctioned, it would stop using the U.S. Dollar? Would Venezuela? I believe not.

Yes because the discussions about replacing US dollar didn't start after Russia was sanctions and Russia is not the only country that is seeking replacement. For example both SCO and BRICS are organizations created to oppose the US hegemony (specially economical hegemony). SCO was found in 2001 and BRICS in 2009.
Some of the countries in these organizations like Brazil are not under sanctions.

P.S. El Salvador wasn't under sanctions when they found a replacement for the dollar called bitcoin, they are under sanctions now though

I'm with you that a New World Order is possible. Possible, or maybe probable. BUT it also doesn't change anything about the debate that the U.S. Dollar's fall could also be too overblown. Because, right now, there's no currency that's actually ready to replace the Dollar that's better in spendability, saveability, and liquidity. The demand for the U.S. dollar remains because every other State want it.

What would the financial incentive be to accept the Yuan over the U.S. Dollar? I believe ZERO.

China has great difficulty in becoming a world leader. 

The Chinese language is very difficult.  It's not Latin, it's not French, it's not German, it's not English.  If no one understands your language, then it is very difficult for you to carry out cultural expansion. 

Therefore, China is a huge regional power.  And if you are a huge regional power, then your national currency is a regional currency, not a world reserve currency. 

The United States managed to carry out world expansion, this country became the center of world civilization, so the dollar managed to become the world's reserve currency.

[popeye95]

It's very funny to watch the two victims of the Kremlin's propaganda slander "great steps to abandon the dollar." True, as often happens, either without having studied the qualitative facts cited by them, or deliberately distorting the information.
If you dig a little deeper "cross-border payments between Brazil and China in Yuan", then an unexpectedly interesting fact will pop up there. Brazil sells its products to China for .. RMB. Everything is fine. But China sells its goods to Brazil for .. DOLLARS, and only accepts no more than 25% of the payment in .. its RMB But supporters of pro-Russian propaganda, as it were, "do not know" this most important nuance of "China's fight against the dollar."
I will once again give an example with one event so that everyone understands - China needs dollars! And he needs them because no one will sell technology either for yuan or for fake rubles.... And China will do everything to get dollars. But to all sorts of fools, he will sell his yuan, which China can print in unlimited quantities, for any settlements with its not the smartest "partners". And so, a historical fact that each of you can easily verify.
In 2022, Russia once again decided to "destroy the United States and destroy the dollar." This crazy idea has been tormenting economic and military impotent people since the times of the USSR. So, with pomp, to the whole world, through all the media, a statement was published that the Russian Federation was removing a significant part of the dollar from its gold reserves, and changing it to the yuan. And they say China is also abandoning the dollar. And the real Russian Federation received a huge amount of yuan from China. After that, Russia kept silent about the fight against the dollar. And to questions - how are things with the gold reserves, they somehow modestly lowered their eyes and did not answer questions. And the problem is this:
1. China really sold the Russian Federation a huge amount of yuan. BUT ! But he sold them not for rubles .. That's right, China is not an idiot. They sold Yuan for.. USD
2. After 3-4 months, due to the economic instability of the Chinese market, the yuan depreciated very much.

Let's sum up the results:
1. During this "very cunning operation against the dollar", Russia lost tens of billions of dollars. And continue to lose due to the inflation of the yuan.
2. China has improved its gold reserves at the expense of a huge amount of dollars, which ensure the stability of the economy, which are more stable and which are in demand all over the world.

I agree with all your points, except where your view on China's Yuan depreciation seems like a bad thing. No, it was the opposite. China's economy is export-oriented with a huge manufacturing base. Yuan depreciation helps them to avoid incoming taxes from other countries to protect their domestic manufacturers. It was the basis of protectionism vs currency manipulation and that is where China's long game aimed at the US and the rest of the world to slowly take over the domestic market and make other countries dependent on China. Of course, the power of the USD to facilitate trade around the world and the petrodollar is still there. China has been on US's watchlist for currency manipulation for quite an age. But I fear there is a trend where Russia also want to input their Rubbe into China's market, to slowly mix them into the flow and get a share from it. 

[DrBeer]

It's very funny to watch the two victims of the Kremlin's propaganda slander "great steps to abandon the dollar." True, as often happens, either without having studied the qualitative facts cited by them, or deliberately distorting the information.
If you dig a little deeper "cross-border payments between Brazil and China in Yuan", then an unexpectedly interesting fact will pop up there. Brazil sells its products to China for .. RMB. Everything is fine. But China sells its goods to Brazil for .. DOLLARS, and only accepts no more than 25% of the payment in .. its RMB But supporters of pro-Russian propaganda, as it were, "do not know" this most important nuance of "China's fight against the dollar."
I will once again give an example with one event so that everyone understands - China needs dollars! And he needs them because no one will sell technology either for yuan or for fake rubles.... And China will do everything to get dollars. But to all sorts of fools, he will sell his yuan, which China can print in unlimited quantities, for any settlements with its not the smartest "partners". And so, a historical fact that each of you can easily verify.
In 2022, Russia once again decided to "destroy the United States and destroy the dollar." This crazy idea has been tormenting economic and military impotent people since the times of the USSR. So, with pomp, to the whole world, through all the media, a statement was published that the Russian Federation was removing a significant part of the dollar from its gold reserves, and changing it to the yuan. And they say China is also abandoning the dollar. And the real Russian Federation received a huge amount of yuan from China. After that, Russia kept silent about the fight against the dollar. And to questions - how are things with the gold reserves, they somehow modestly lowered their eyes and did not answer questions. And the problem is this:
1. China really sold the Russian Federation a huge amount of yuan. BUT ! But he sold them not for rubles .. That's right, China is not an idiot. They sold Yuan for.. USD
2. After 3-4 months, due to the economic instability of the Chinese market, the yuan depreciated very much.

Let's sum up the results:
1. During this "very cunning operation against the dollar", Russia lost tens of billions of dollars. And continue to lose due to the inflation of the yuan.
2. China has improved its gold reserves at the expense of a huge amount of dollars, which ensure the stability of the economy, which are more stable and which are in demand all over the world.

I agree with all your points, except where your view on China's Yuan depreciation seems like a bad thing. No, it was the opposite. China's economy is export-oriented with a huge manufacturing base. Yuan depreciation helps them to avoid incoming taxes from other countries to protect their domestic manufacturers. It was the basis of protectionism vs currency manipulation and that is where China's long game aimed at the US and the rest of the world to slowly take over the domestic market and make other countries dependent on China. Of course, the power of the USD to facilitate trade around the world and the petrodollar is still there. China has been on US's watchlist for currency manipulation for quite an age. But I fear there is a trend where Russia also want to input their Rubbe into China's market, to slowly mix them into the flow and get a share from it.  

I absolutely agree with your remark. I probably didn't express myself very well. The problem of Yuan inflation has become a problem for Russia, which bought "expensive yuan for dollars, and then received, through inflationary processes, a decrease in its gold and foreign exchange reserves. And for China, with its EXPORT-oriented economy, a "cheap" local currency is a favorable state. Sun of this point of view is correct!
But at the same time, I repeat once again - China, of course, says, supporting its "friends against the dollar", "yes - let's get rid of the dollar, make payments in local currencies." And then does:
- Buys a dollar from his "friends in fighting the dollar", for his yuan
- buys gold
- Multi-currency calculations are carried out only in yuan


"But I'm afraid that a trend has emerged when Russia also wants to introduce its ruble to the Chinese market," - and what will it give? Firstly, China will not let the ruble to itself. Why does he need him? Russia for China is a raw material appendage, and an inflationary sump. There can be no question of any partnership between China and Russia. What can Russia give China besides resources and Chinese historical territories?
Plus, Russia for China is a guinea pig on which he will test all his ideas. So China is convenient, simple and not expensive! What can give China, a huge, uninhabited territory that has less than 1% in the modern economy of the world?!

[pooya87]

Argentina has also been increasing its trades in other currencies other than US dollar. Argentina and China have been trading using the Chinese currency (Yuan) and Argentina and Brazil have been developing a joint currency called "sur" meaning South that is working like Euro but in South America replacing dollar completely in the region.

We are also seeing a lot of countries in Asia dumping dollar from east to west including the NATO member Turkey.
In the latest news Iraq dumped US dollar for its oil trades and replaced it with Yuan.

[DrBeer]

Argentina has also been increasing its trades in other currencies other than US dollar. Argentina and China have been trading using the Chinese currency (Yuan) and Argentina and Brazil have been developing a joint currency called "sur" meaning South that is working like Euro but in South America replacing dollar completely in the region.

We are also seeing a lot of countries in Asia dumping dollar from east to west including the NATO member Turkey.
In the latest news Iraq dumped US dollar for its oil trades and replaced it with Yuan.

What an amazing case - a respected forum member for the first time did not take the phrase out of context, but said it in full
In general, this is what I wrote about earlier - Yes, some countries have switched, sort of, to local currencies. But as always, a nuance - 99% of this information concerns China, and .... yes, China trades for its RMB. Moreover, he sells for yuan and buys for yuan. Or rather, try to sell for a dollar, but if it doesn’t work out, then for yuan, but he buys what he needs without spending a single cent, only for yuan No rubles and other colorful pieces of paper!
You still do not understand the meaning of China's "playing to the public"?

Well, in general about the situation:
The less foreign exchange earnings and reserves Russia has, and especially the dollar, the louder it squeals and spit propaganda that the dollar is weak, no one needs the dollar, and that everyone refuses the dollar

[Wind_FURY]

I'm with you that a New World Order is possible. Possible, or maybe probable.

To be clear I believe that the New World Order is already established, it is not something that may or may not happen in the future. And we are now in the transitional phase that could last a couple of years, years that will be filled with conflicts and chaos.

Truly established? Debatable.

BUT it also doesn't change anything about the debate that the U.S. Dollar's fall could also be too overblown.

Dollar may not disappear but it will definitely lose its dominance and value over the coming years. I agree that sometimes the degree of its fall is exaggerated.

Because losing dominance for the U.S. Dollar would mean the United States would lose their Empire, I believe it will take longer than most people's anticipations.

Because, right now, there's no currency that's actually ready to replace the Dollar that's better in spendability, saveability, and liquidity. The demand for the U.S. dollar remains because every other State want it.

What would the financial incentive be to accept the Yuan over the U.S. Dollar? I believe ZERO.

All the characteristics you mentioned (spendability, saveability, and liquidity) depend on whether US likes you to have those characteristics or not. You see, the dollar your country has is not in your country's control! It is in full control of US one way or another and this gives US a tremendous amount of power over your country which they always abuse and they abuse it on all countries, friend of foe alike.

But that doesn't change anything about Spendability, Saveability, and Liquidity. All countries prefer to have and deal in U.S. Dollars simply because it would be easier for them and their counterparties. Sanctioned countries, if they were not sanctioned, would definitely be using the U.S. Dollar.

Take Turkey for example. It is considered a US ally and is a member of NATO. They have been playing both sides but after the earthquake which will continue to devastate Turkey between 6 to 12 months and exhaust all their resources, now through dollar US is putting pressure on Turkey to change its policies in favor of US!

Iraq is another example that US recently started increasing the pressure by blocking all their "dollars" that showed itself up immediately in Iraq economy.

The U.S. does that because why? Because they know the U.S. Dollar is ahead in Spendability/Saveability/Liquidity, and they will use that fact to leverage their motives.

China is also doing it with their Yuan through Debt-Trap Diplomacy.

[Smartprofit]

It's very funny to watch the two victims of the Kremlin's propaganda slander "great steps to abandon the dollar." True, as often happens, either without having studied the qualitative facts cited by them, or deliberately distorting the information.
If you dig a little deeper "cross-border payments between Brazil and China in Yuan", then an unexpectedly interesting fact will pop up there. Brazil sells its products to China for .. RMB. Everything is fine. But China sells its goods to Brazil for .. DOLLARS, and only accepts no more than 25% of the payment in .. its RMB But supporters of pro-Russian propaganda, as it were, "do not know" this most important nuance of "China's fight against the dollar."
I will once again give an example with one event so that everyone understands - China needs dollars! And he needs them because no one will sell technology either for yuan or for fake rubles.... And China will do everything to get dollars. But to all sorts of fools, he will sell his yuan, which China can print in unlimited quantities, for any settlements with its not the smartest "partners". And so, a historical fact that each of you can easily verify.
In 2022, Russia once again decided to "destroy the United States and destroy the dollar." This crazy idea has been tormenting economic and military impotent people since the times of the USSR. So, with pomp, to the whole world, through all the media, a statement was published that the Russian Federation was removing a significant part of the dollar from its gold reserves, and changing it to the yuan. And they say China is also abandoning the dollar. And the real Russian Federation received a huge amount of yuan from China. After that, Russia kept silent about the fight against the dollar. And to questions - how are things with the gold reserves, they somehow modestly lowered their eyes and did not answer questions. And the problem is this:
1. China really sold the Russian Federation a huge amount of yuan. BUT ! But he sold them not for rubles .. That's right, China is not an idiot. They sold Yuan for.. USD
2. After 3-4 months, due to the economic instability of the Chinese market, the yuan depreciated very much.

Let's sum up the results:
1. During this "very cunning operation against the dollar", Russia lost tens of billions of dollars. And continue to lose due to the inflation of the yuan.
2. China has improved its gold reserves at the expense of a huge amount of dollars, which ensure the stability of the economy, which are more stable and which are in demand all over the world.

I agree with all your points, except where your view on China's Yuan depreciation seems like a bad thing. No, it was the opposite. China's economy is export-oriented with a huge manufacturing base. Yuan depreciation helps them to avoid incoming taxes from other countries to protect their domestic manufacturers. It was the basis of protectionism vs currency manipulation and that is where China's long game aimed at the US and the rest of the world to slowly take over the domestic market and make other countries dependent on China. Of course, the power of the USD to facilitate trade around the world and the petrodollar is still there. China has been on US's watchlist for currency manipulation for quite an age. But I fear there is a trend where Russia also want to input their Rubbe into China's market, to slowly mix them into the flow and get a share from it. 

I agree with you that China, even in its worst nightmare, does not dream of a strong Chinese yuan. 

China is the world's factory of goods.  The Chinese economy is completely export-oriented.  At the same time, all attempts by China to stimulate domestic demand should be recognized as not very successful.

There is information that China is implementing large-scale capital projects, but these investments correlate very poorly with the development of the Chinese economy and look artificial. 

China annually accumulates a huge amount of currency (and in recent years, gold) in reserves.  This is due to the fact that there are no infrastructure projects in the domestic market on which it is possible to spend such a huge amount of money. 

Therefore, China is pursuing a strategy of cheap yuan and expensive US dollar.  This situation is very beneficial for him.

[pooya87]

The U.S. does that because why?

Dollar is a weapon and US regime knows how to wield it.

China is also doing it with their Yuan through Debt-Trap Diplomacy.

Obviously! China's dream is to replace US as the global hegemony. Maybe not with colonizing and murder of tens of millions of people but still similar power abuse is expected from China in the future also.

[MusaPk]

The U.S. does that because why?

Dollar is a weapon and US regime knows how to wield it.

China is also doing it with their Yuan through Debt-Trap Diplomacy.

Obviously! China's dream is to replace US as the global hegemony. Maybe not with colonizing and murder of tens of millions of people but still similar power abuse is expected from China in the future also.

Anyone who is super power do use that power for his own objectives. Doesn't matter who is in charge of this world, the absolute power will be abused by that superpower.
Iran and India are big economic powers, they can buy gold and dump Dollars. There are countries like Pakistan that are almost at verge of economic collapse and desperately in need of USD to save there economy.

[Wind_FURY]

The U.S. does that because why?

Dollar is a weapon and US regime knows how to wield it.

It's used as a weapon because why? Because the United States Government knows that the U.S. Dollar is ahead vs. any fiat currency in Spendability/Saveability/Liquidity, and that all States/Countries that want to participate in world trade need it.

China is also doing it with their Yuan through Debt-Trap Diplomacy.

Obviously! China's dream is to replace US as the global hegemony. Maybe not with colonizing and murder of tens of millions of people but still similar power abuse is expected from China in the future also.

 

If China replaces the U.S. Dollar with the Yuan the next topics that will be debated is the dumping of Yuan, and the start of another New World Order.

[Moeda]

~Snip
With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

There is no war without economic interests, every war there is certainly a foundation related to the economy. Have we ever heard that a large country attacks a small country that does not have natural products or political interests in it?
The Russian War with Ukraine is related to the interests of the political economy, because Ukraine joined NATO and Russia thinking about the fate of his country will be threatened. And that's what happened to Syria and at that time the United States government supported anti -government rebel forces. What's in Syria? That's the question. In Syria has a large source of oil. Again, economic interests.

With this, then anyone who has high economic power, then they will be able to survive. Are these countries able to suppress the dollar exchange rate until it plummets? America has a big influence on the international world, and China has an influence in the economic field, and Russia is a large country that has abundant sources of oil. The three countries can survive well when the World War occurred. But unfortunately, small countries become land for them for trials. I do not hate them, but thinking about the fate of innocent citizens in an area, and surrounding areas. We are civilians who certainly feel the effect of what happens, both those in the ruling countries, as well as those who are in the colonies, and countries that are dependent on that country.
When dumping occurs with dollars, it will certainly be problematic for many countries, and the inflation rate will be high. This effect will be bad as a whole.
Hopefully the countries that fight quickly make peace, and the ideals of World War 3 must be immediately destroyed.